Social disclosure, financial disclosure
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Alan J. Richardson; Michael Welker
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Article
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2001
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Elsevier Science
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English
โ 200 KB
We test the relation between financial and social disclosure and the cost of equity capital for a sample of Canadian firms with year-ends in 1990, 1991 and 1992. We find that, consistent with prior research, the quantity and quality of financial disclosure is negatively related to the cost of equity